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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Units

 

   For the Year Ended December 31, 
   2024   2023 
   Number of Shares   Weighted-Average Grant Date Fair Value Per Share   Number of Shares   Weighted-Average Grant Date Fair Value Per Share 
Unvested balance at January 1   954,306   $4.39    160,000   $12.08 
RSUs granted   946,432   $0.53    870,200   $3.46 
RSUs vested   (1,768,443)  $2.31    (44,680)  $13.11 
RSUs forfeited   (42,464)  $              2.75    (31,214)  $                   5.28 
Unvested balance at December 31   89,831   $5.51    954,306   $4.39 
Schedule of Option Activity

A summary of option activity for the years ended December 31, 2024 and 2023 is presented below.

 

   Number of Shares   Weighted-Average Exercise Price Per Share   Weighted-Average Remaining Contractual Term (in years)   Aggregate Intrinsic Value 
Outstanding at December 31, 2022   7,332   $28.50    8.3    - 
Granted   -    -    -    - 
Exercised   -    -    -    - 
Forfeited or expired   -    -    -    - 
Outstanding at December 31, 2023   7,332   $28.50    7.3    - 
Granted   -    -    -    - 
Exercised   -    -    -    - 
Forfeited or expired   -    -    -    - 
Outstanding at December 31, 2024   7,332   $28.50    6.3    - 
Vested or expected to vest at December 31, 2024   7,332   $28.50    6.3    - 
Exercisable at December 31, 2024   7,332   $28.50    6.3    - 
Schedule of Share-based compensation expense

 

   2024   2023 
   For the Year Ended December 31, 
   2024   2023 
Selling, general and administrative expenses  $2,728,852   $875,509 
Research and development expenses   805,217    220,723 
Cost of revenues   9,032    18,535 
Total  $3,543,101   $1,114,767